Fully collateralized definition

Fully collateralized means secured by marketable securities acceptable to the Inspector and cash deposits, including certificates of deposit and equivalent instruments, held with the specific right of offset by and under the exclusive administration of the licensee, where repayment of the deposit is conditional on the repayment of the related extension(s) of credit. Such collateral must have a market value equal to at least one hundred percent of the extension of credit. The licensee would have to show it has the ability and that it will regularly mark these securities to market during the loan and take immediate action if this valuation shows a shortfall of collateral.

Fully collateralized means, in respect of a transaction mentioned in paragraph 1 of Schedule 5, that such transaction meets the criteria in paragraphs 2 to 4 of Schedule 5;

Fully collateralized means MTM changes are fully offset by variation margin. This also applies to cases where the MTM is settled (i.e. a settlement payment).

Examples of Fully collateralized in a sentence

• Fully collateralized repurchase agreements with a defined termination date executed with a primary dealer as defined by the Federal Reserve or a financial institution doing business in this state, and that are authorized investments under Section 2256.011 of the Public Funds Investment Act.

• Fully collateralized: a mode whereby the clearinghouse acts as central counterparty to both parties to the transaction.

• Fully collateralized Time Deposits, Certificates of Deposit, Money Market accounts and Interest- Bearing Checking accounts shall be placed at the County Depository Bank under a depository contract executed by Cameron County Commissioners Court and in compliance with V.C.T.A., Texas Local Government Code, Chapter 116.

• Fully collateralized repurchase agreements having a defined termination date, placed through a primary government securities dealer or a financial institution doing business in the State of Texas, and fully secured by cash and obligations of the United States or its agencies and instrumentalities.

• Fully collateralized direct repurchase agreements with a defined termination date secured by a combination of cash and obligations of the United States or its agencies and instrumentalities.

• Fully collateralized Time Deposits, Certificates of Deposit, Money Market accounts and Interest Bearing Checking accounts shall be placed at the Appraisal District Depository Bank under a depository contract executed by Williamson Central Appraisal District Board of Directors and in compliance with V.C.T.A. Texas Local Government Code, Chapter 117.

• Example 3: Fully collateralized max cap breach:• Collateral pledged* = $10 billion• Effective max cap** = $25 billion 30 Collateral eligibility and margins are the same for PSR policy purposes as for the discount window.

• Example 3: Fully collateralized max cap breach:• Collateral pledged* = $10 billion• Effective max cap** = $25 billion• Average daylight overdraft on given day = $27 billion 30 Collateral eligibility and margins are the same for PSR policy purposes as for the discount window.

• Fully collateralized repurchase agreements having a defined termination date, placed through a primary government securities dealer or a financial institution doing business in the State of Texas, and fully secured by cash and obligations of the United States or its agencies and instrumentalities .

• Fully collateralized direct repurchase agreements with a defined termination date secured by obligations of the United States or its agencies and instrumentalities.

More Definitions of Fully collateralized

Fully collateralized means, in relation to any Letter of Credit, that the Collateral Value allocated to such Letter of Credit in accordance with this Agreement equals or exceeds the L/C Obligations with respect to such Letter of Credit.

Fully collateralized means that the value of the collateral security is, and during the entire term of the agreement remains, at least equal to the amount of the “loan” including accrued interest.

Fully collateralized means that throughout the term of the securities lending arrangement the borrower provided collateral (cash or government debt securities only) with a value not less than 95% of the value of the loaned shares